I am trying to examine the effects of studentification on private residents in a studentified area, either it is positive or negative (which is coded as 1 or 0 respectively) as the dependent variable.
The independent variables are effects of studentification (across literatures) on 5-likert scale.
The question is am I to also dichotomies the likert scale responses from (strongly disagree, disagree, neutral, agree and disagree) to (1: positive, 0: negative)?